Creating tax credit related to child care expenses

SB 169 creates a West Virginia state tax credit for childcare expenses for residents who claim the federal childcare tax credit on their federal return. It provides a refundable credit equal to 50% of the federal credit amount for individuals with federal adjusted gross income under $30,000, 30% for incomes between $30,001-$45,000, and 20% for incomes between $45,001-$65,000. The credit is unavailable for those earning $65,000+ or receiving state childcare assistance (except for unreimbursed costs), and unused credits are refunded rather than carried forward. The credit applies to 2027 tax years and is based on federal Form 2441 claims.